Who said the following quote: "There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud"?
A)Federal Reserve Chairman Ben Bernanke
B)Nobel Laureate Paul Krugman
C)President Barack Obama
D)Nobel Laureate Milton Friedman
E)President Ronald Reagan

Question

Quizplus · Accepted Answer

This quote is famously associated with Nobel Laureate economist Milton Friedman. He argued that businesses have a responsibility to their shareholders to maximize profits within the framework of the law and free competition, and that any efforts to prioritize social or environmental concerns would be a deviation from that responsibility.

Who Said the Following Quote: "There Is One and Only